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Fraud Prevention Tips for Small Biz During the Holidays

From an original article from Harland Clarke

Fraud Prevention is essential, especially during the holidays. Fraud can damage any business, but the impact on small businesses is especially devastating. Many never recover from their losses. With a majority of us preferring to shop online for gifts, it’s easy for you and your business’ security to be breached. Are you doing everything you can to protect your company?

Here are some tips that can help you safeguard your company’s assets:

  • Use high-security checks – Check fraud is the leading type of business payment fraud.
  • Review financial statements – As an owner, you should review all account statements.
  • Secure important documents – Keep business files locked away from public access.
  • Shred sensitive documents – Fraudsters go through trash and recycling bins.
  • Be wary of suspicious emails or phone inquiries – Validate requests for sensitive information, including those from financial institutions.

These are only some of the steps you can take to avoid fraud. For further details on these tips, plus five more steps you can take, download this PDF.

At Pinnacle Bank, we want to ensure that you have all of the tools to be prepared for Fraud Prevention and Cybersecurity – here are a few additional resources to learn more ways to stay protected.

Cybersecurity for Small Business: Ways to Stay Protected
FDIC Consumer News – Winter 2016

Business E-Mail Compromise: The 3.1 Billion Dollar Scam
A Public Service Announcement from the Federal Bureau of Investigation

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Blog Business

A Few Great Ideas for Promoting Your Biz During The Holidays

From an original article by Rieva Lesonsky, U.S. Small Business Administration

When you think of holiday promotions, it’s retailers that most often come to mind. However, whether you own a store, restaurant, service provider or even a B2B company, smart marketing can play a huge roll in increasing holiday sales, too.

Here are some of the ideas that can boost your bottom line during the holidays:

  • Join forces with other small businesses to hold a “sidewalk sale.”
  • Invite B2B prospects to a “getting to know you” party.
  • Hold a special sale for your best customers, at a time when you’re normally closed.
  • Send real holiday cards, not e-cards. They’re more likely to get noticed.
  • And many more!

There are many more tips we have to share with you. For the complete list of creative ideas for promoting your business during the holidays, click here.

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Blog Business

Money Smart for Small Business – A Financial Ed Program

program provided by the FDIC and SBA

Successful leaders are always looking to learn more. Whether you are an aspiring or existing entrepreneur, Money Smart for Small Business (MSSB) covers a variety of topics related to starting and managing a business.

Here are some of the topics covered in MSSB:

  • Managing cash flow
  • Record keeping
  • Financial management
  • Banking services
  • Tax planning and reporting
  • And many more!

The curriculum can be downloaded or ordered in CD format. Each module includes an instructor’s guide, participant workbook, and PowerPoint slides. Best of all, it’s free! For more details or to get started, click here.